Morgan Stanley MS recently entered into an agreement with iCapital — a financial technology firm (FinTech platform). According to the agreement, iCapital will become the exclusive feeder fund-service provider for the wealth-management alternative investments group of Morgan Stanley.Morgan Stanley has transferred nearly 115 alternative investment feeder funds, ranging across a number of investment strategies, to iCapital.Lawrence Calcano, CEO of iCapital Network noted, “The iCapital technology’s capacity for scale, customization and support allows us to offer a level of service in the alternative investing industry that has not previously been available and we look forward to providing the highest quality experience for the Morgan Stanley team during this transition.”Per the agreement, Morgan Stanley will continue to make investment decisions and investors in these funds will remain its clients.iCapital’s proprietary end-to-end technology solution will be used to improve ongoing operations and administration services for the funds. It will also provide technical support to advisors and help them manage client relationships efficiently.Further, iCapital will offer jobs to a group of Morgan Stanley’s employees who currently support alternative investment feeder fund operations.Post this transaction, which was concluded on Mar 14, iCapital will service nearly $40 billion in private fund assets.Shares of Morgan Stanley have gained 11.1% compared with the 14.2% increase registered by the industry, over the past three months. Currently, Morgan Stanley carries a Zacks Rank #4 (Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Stocks to ConsiderLPL Financial Holdings Inc’s LPLA shares have gained 25.2% in the past three months. Its earnings estimate for 2019 remained unchanged, over the past 60 days. The stock currently sports a Zacks Rank #1.Shares of Stifel Financial Corporation SF have surged 41.1% in three months’ time. Its current-year earnings estimate remained unrevised, over the past 60 days. At present, it flaunts a Zacks Rank of 1.Evercore Inc’s EVR shares have appreciated 30.3%, over the past three months. This Zacks #2 (Buy) Ranked stock’s earnings estimate for the ongoing year remained unchanged, over the past 60 days.Is Your Investment Advisor Fumbling Your Financial Future?See how you can more effectively safeguard your retirement with a new Special Report, “4 Warning Signs Your Investment Advisor Might Be Sabotaging Your Financial Future.”Click to get it free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Evercore Inc (EVR): Free Stock Analysis Report Stifel Financial Corporation (SF): Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA): Free Stock Analysis Report Morgan Stanley (MS): Free Stock Analysis Report To read this article on Zacks.com click here.